Colombia always had the potential to become a major mining jurisdiction but the mining sector is now completely frozen. There is a high level of uncertainty due to the governments push to reform the mining code, create a state mining company, and new a environmental decree.
When expanding into a foreign market, one of the first and most critical decisions is how to fund the newly established entity. The chosen funding structure—whether equity, debt, or a mix of both—will impact everything from tax obligations and regulatory compliance to operational flexibility and long-term growth potential.
The world is more connected than ever, and mining technology and service companies are no exception. As they expand their reach globally, they need to follow their clients to new markets, from a copper mine high in the Andes to the icey cold winters of Northern Canada. When exploring new markets, it’s the classic “chicken or egg” dilemma: You want to see success before committing to the expenses of a local operation, but as soon as you start generating revenue, the risk of being classified as a PE increases.
Navigating Brazil’s complex tax system and understanding how to import goods can be challenging and time-consuming. Particularly for foreigners who are not accustomed to it. With the right support and local knowledge, it is manageable and possible for foreign companies to import mining technology, equipment, and services. Check out our guide to importing in Brazil.
The potential of the Peruvian mining industry is attracting many foreign companies to the market who are looking to provide equipment, technology, and services. It also means that companies need to adapt to new labor laws which are quite generous to workers in comparison to North America or Australia. One of the specific areas that companies need to consider when doing business in Peru is is how employee profit sharing works.
Industrial technology companies rely on international markets since they often need to follow their clients to where the projects exist in the world. Working in foreign jurisdictions brings some unique challenges and risks. Permanent Establishment is one of them.
For professional service firms, as of January 1, 2023, all services rendered will be subject to VAT. Previously, companies such as engineering, consulting, architects, legal, and accounting, did not charge VAT when invoicing clients. This now changes. Check out practical details inside.
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